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Errors and Omissions Insurance

Errors and Omissions (E&O) Insurance definition

E&O insurance, otherwise known as Professional Liability, protects your business against claims of negligence, misrepresentation or mistake. Typically, the allegation is that your services, products or employees caused some form of financial damage to a third party.

Who should purchase Errors and Omissions (E&O) Insurance?

Any business that provides a service to others should consider E&O insurance. Also, any business that provides a product in which failure of that product could cause financial harm to others, should consider E&O insurance.

What is the cost of Errors and Omissions (E&O) Insurance?

BizInsure offers policies from as little as $27/month, depending on the potential exposure you face and the amount of coverage you require. The following factors could impact the cost of your E&O Insurance policy: